Chapter 7 Bankruptcy Helps You SETTLE Your Income Tax Debt
Even if a straight bankruptcy would leave you owing some or all your income taxes, it may position you well to settle those taxes with an Offer in Compromise.
Bankruptcy Can Do So Much More Than Just Wipe Out Your Debts–But That’s Not A Bad Start
Chapter 7 gives you a fresh financial start by legally erasing your debts. That's enough if your debts are simple ones.